Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odohu
on 12/10/2024, 14:10:12 UTC

Our main focus in this buy the dip and hold thread is about bitcoin, and mentioning another coin, such as altcoins, will only distract us from the main discussion of this thread. It will be better if we only discuss bitcoin here. And fuck whoever still doubts bitcoin, the person doesn't know anything about bitcoin or understand the benefits that come with holding bitcoin because if he does, he will not choose to invest in altcoins over bitcoin. If you have accumulated the amount of bitcoin you want to hold for your long-term purposes, it is not even good to diversify your investment in altcoins. After you have accumulated the amount of bitcoin you want to hold, it will be better to diversify your investment in real-life investments, such as real estate, or you can be selling commodities. 
When I hear people talk about diversification I laugh, although am not against diversification but it would have been better for some people not to deceive themselves by talking about diversification when they already know that they don't have enough Bitcoin in their portfolio, instead of saying they want quick they keep confusing themselves, if people must  diversify, I think it should be when they are sure that they are satisfied with their hodlings and they should diversify to meaningful assets not some shit kind of stuff.
We have to appreciate the fact that people have different targets when it comes to their Bitcoin holding. Some might target to hold 10BTC whereas some might dream to own just 1BTC, these things are not fixed values and depends largely on the individuals and also influenced by the demographics. So, any individual that decided to diversify his investment is probably satisfied with his Bitcoin holding even though it may not seem too big for you.

Diversification is not really something bad because people diversify for various reasons such as pursuing a passion. Personally, I would want to venture into farming at later time in my life, that is my passion so when that time comes, irrespective of the quantity of Bitcoin in my portfolio, I will pursuing that passion. I'm being aggressive in building my Bitcoin portfolio now because that is the stage I am now and when the point of me going into farming comes, a greater percentage of my funds will be channeled into farming. Everything is all about planning and personal ambition.